5(n+6)=48
5n+30=48
5n=18
n=18/5
Answer:
The worth of the car after 6 years is £2,134.82
Step-by-step explanation:
The amount at which Dan buys the car, PV = £2200
The rate at which the car depreciates, r = -0.5%
The car's worth, 'FV', in 6 years is given as follows;
Where;
r = The depreciation rate (negative) = -0.5%
FV = The future value of the asset
PV = The present value pf the asset = £2200
n = The number of years (depreciating) = 6
By plugging in the values, we get;
The amount the car will be worth which is its future value, FV after 6 years is FV ≈ £2,134.82 (after rounding to the nearest penny (hundredth))
Answer:
The transition between launching a new product or strategy and discontinuing the current product is a crucial business decision because it involves financial risk, customer relation and overall brand of the organization.
Step-by-step explanation:
I would choose to announce the new business strategy with a risk of short-term financial loss because of the following reasons:-
Competitive Business Environment:- In a competitive world, an organization must update the current line of products or introduce a new one to meet the growing demand and expectations of its customers. Even though a new strategy or product may incur additional cost or a loss, product development is key to having an edge over its competitors.
Long-Term Goal:- Organizations that develop strategies keeping the long-term vision of the company in mind tend to survive and sustain profits in the long run. Business is an on-going process so it’s important to stay relevant to customer demands in the future as well. Loyal customers always expect the company to deliver new products and services which can outperform the existing products and creates brand loyalty.
Business Integrity:- An organization must exercise effective stakeholder’s relationship management not just with customers but with other stakeholders like suppliers and shareholders. Announcing a new business strategy in advance built trusts and opportunities for your stakeholders to engage with you in a B2B partnership in future. This strengthens the existing partnerships and relations, where others would want to continue doing business with you in future and beyond.
Because 3^2 = 9
When you do (⅓)^2 what you are really doing is
(1^2)/(3^2) = 1/9
If you have (⅔)^2 you do
(2^2)/(3^2) = 4/9
Fractions get smaller because the denominator is also being squared which makes the denominator get bigger and when the denominator is bigger, you are dividing by a larger number which gives you a smaller answer. Whereas when you raise a whole number to an exponent, only the numerator get bigger because the denominator is 1 and 1 raised to any exponent is still 1
3^2 = (3^2)/(1^2) = 9/1 = 9
